[Unable to create ‘sell stop loss’]

Hi. I want to create a sell stop loss but can’t see that this is available, only ‘Limit Day’. How come? Thanks

[Unable to create ‘sell stop loss’]

Hi. I want to create a sell stop loss but can’t see that this is available, only ‘Limit Day’. How come? Thanks

[Understanding 'buying' FTSE on spread betting]

Hello, I'm new to spread betting and dipping my toes in the water slowly. I have been looking at the FTSE and its recent volatility. It currently stands at around 5,500 points. A hypothetical question is the following

• I fund my account £ per point ie 5,500
• I 'buy'  £1 per point
• I enter a limit of 100 points

My assumption is that I won't lose any money (unless the FTSE remains permanently lower!) because I have funded £ per FTSE point, and that when the FTSE rises to 5,600 (ie current level plus 100 points) then the position will automatically close.

Is my assumption correct?

Thanks

Steve